• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 20, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Tuna Association claims 2021 Budget placed less emphasis on sector’s growth

thevaultzby thevaultz
March 31, 2021
Reading Time: 3 mins read
thevaultzby thevaultz
in Agribusiness
0
Tuna Association claims 2021 Budget placed less emphasis on sector’s growth

Richster Nii Amarh, the Ghana Tuna Association's Secretary.

The Ghana Tuna Association has stated the country’s budget and economic policies placed less focus on the growth of the fisheries sector. According to the Association, this year’s budget, just as previous ones, failed to address the sector’s challenges.

Speaking in an interview, Richster Amarfio, the Ghana Tuna Association’s Secretary indicated that the artisanal sector has largely not received much government support in terms of budgetary allocations. He said the government’s budget has been always how the sector would contribute more to the government revenue generation program. He, therefore, suggested that the budget must look basically at how to support the artisanal sector to foster its growth.

Mr. Amarfio added that the budget must not only look at maximizing revenue generation from the industry. Rather, the government must also see how to enforce laws against illegal fishing towards the management of fish stocks.

RelatedPosts

Ato Forson Seeks IFC Partnership to Drive Ghana’s Oil Palm Project

Ghana Could Match Vietnam’s Rice Exports – IFS Pushes for Creation of Rice Development Board

Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge

Furthermore, he stated that moving forward a lot more engagement would be needed to address the challenges with the sector.

“We probably need to do more engagement on budgeting for the fisheries sector. We need to develop capacity in how to budget for the fisheries sector to make the fisheries sector respond to the needs of the country.”

Richster Amarfio, the Ghana Tuna Association’s Secretary

Tuna has been Ghana’s biggest seafood export, contributing significantly to the domestic fisheries sector. Among the top 10 products, tuna contributed about $1.66 billion representing 57% of the total non-traditional export revenue in 2019. However, Ghana is experiencing a decline in marine catches as a result of overfishing, illegal fishing, habitat degradation and many more.

Varied Assessment of Government’s Budget for Fisheries Sector

In another development, SEND Ghana noted that budgetary allocation for the Ministry of Fisheries and Aquaculture Development has increased by 163.6%. They indicated that the increment is in line with calls for increased funding for the development of the sector. However, the analysis over the years show that execution rates have been low, they noted. They attributed the low execution rates to non-releases of substantial amounts of approved budgets for spending.

ADVERTISEMENT

According to their assessment report, the total approved budget for capital expenditure was GHS 39,142 million in 2018. However, only 15.8 percent (GHS 6, 208 million) was released. Similarly, in 2019, the ministry spent less than half (45.7 percent) of its approved budget of GH¢59,592,448. The organization therefore urged government to ensure the mobilization of adequate funds and timely released to MDAs.

Furthermore, the 2021 budget reveals that government intends to give the artisanal fishing industry a major facelift. The government will complete the construction of the National Aquaculture Centre to promote aquaculture in the country. In addition, Government will construct hatcheries at the Ashiaman and Kona- Odumase and complete work at the Sefwi Wiawso and Dormaa Ahenkro.

To ensure growth of the fisheries sector, Kweku Ofori Asiamah, Transport Minister has revealed that the government has earmarked three towns, for the construction of modern fish landing sites. The towns are Ekumfi Otuam, Osu, and Mfantseman. This will bring the total number of such projects along the coastal regions of Ghana to fourteen.

Read also: We have taken some steps to get some of these monies back- SSNIT

Tags: 2021 Budget AssessmentAgribusinessBusinessFisheries IndustrySEND GhanaTuna Association
Please login to join discussion
Previous Post

Kumi Guitar features Shatta Wale on new song

Next Post

Prospects for sub-Saharan Africa recovery taking shape – World Bank

Subscription Form

Related Posts

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, with the Regional Vice President for Africa at the International Finance Corporation (IFC), Ethiopis Tafara,
Agribusiness

Ato Forson Seeks IFC Partnership to Drive Ghana’s Oil Palm Project

October 19, 2025
Ghana Could Match Vietnam’s Rice Exports – IFS Pushes for Creation of Rice Development Board
Agribusiness

Ghana Could Match Vietnam’s Rice Exports – IFS Pushes for Creation of Rice Development Board

October 16, 2025
Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge
Agribusiness

Ghana’s Cocoa Sector Roars Back with $2.47bn Export Surge

October 13, 2025
106 Young Agripreneurs Receive $236,460 Boost Under HAPPY Programme to Drive Ghana’s Agricultural Growth
Agribusiness

106 Young Agripreneurs Receive $236,460 Boost Under HAPPY Programme to Drive Ghana’s Agricultural Growth

October 10, 2025
Cocoa Gold Rush, Farmers’ Empty Pockets: 2025 Cocoa Barometer Exposes Grim Reality Behind Record Prices
Agribusiness

Cocoa Gold Rush, Farmers’ Empty Pockets: 2025 Cocoa Barometer Exposes Grim Reality Behind Record Prices

October 8, 2025
Government to Deploy 5,000 Agriculture Graduates Nationwide
Agribusiness

Government to Deploy 5,000 Agriculture Graduates Nationwide

October 6, 2025
US special Envoy, Steve Witkoff.
Asia

Witkoff, Kushner Arrive In Israel Amid Fragile Ceasefire

by Comfort AmpomaaOctober 20, 2025
Gasoline Pumps
Extractives/Energy

Fuel Prices Drop: Petrol at GH¢12.77, Diesel GH¢12.97 

by Prince AgyapongOctober 20, 2025
Hon. Kwabena Mintah Akandoh
General News

Ghana’s Nurse Export Deal Tests the Balance Between Jobs and Care

by Silas Kafui AssemOctober 20, 2025
Israel Urged To Open More Gaza Border Crossings To Allow Aid
Asia

Gaza’s Fragile Truce Echoes Past Failures

by Comfort AmpomaaOctober 20, 2025
NPP’s Reform Agenda Faces Questions Over Clarity and Consistency
General News

United Party Plus or Minus? The Struggle to Break Ghana’s Duopoly

by Silas Kafui AssemOctober 20, 2025
Professor Stephen Kwaku Asare
General News

Ghana’s Party Primaries Lose Ideological Depth – CDD-Ghana Fellow Warns of Democratic Decay 

by Evans Junior OwuOctober 20, 2025
US special Envoy, Steve Witkoff.
Gasoline Pumps
Hon. Kwabena Mintah Akandoh
Israel Urged To Open More Gaza Border Crossings To Allow Aid
NPP’s Reform Agenda Faces Questions Over Clarity and Consistency
Professor Stephen Kwaku Asare

Recent News

US special Envoy, Steve Witkoff.

Witkoff, Kushner Arrive In Israel Amid Fragile Ceasefire

October 20, 2025
Gasoline Pumps

Fuel Prices Drop: Petrol at GH¢12.77, Diesel GH¢12.97 

October 20, 2025
Hon. Kwabena Mintah Akandoh

Ghana’s Nurse Export Deal Tests the Balance Between Jobs and Care

October 20, 2025
Israel Urged To Open More Gaza Border Crossings To Allow Aid

Gaza’s Fragile Truce Echoes Past Failures

October 20, 2025
NPP’s Reform Agenda Faces Questions Over Clarity and Consistency

United Party Plus or Minus? The Struggle to Break Ghana’s Duopoly

October 20, 2025
Professor Stephen Kwaku Asare

Ghana’s Party Primaries Lose Ideological Depth – CDD-Ghana Fellow Warns of Democratic Decay 

October 20, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address